Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 41.5

(1) The following table shows which of the common rules apply to some *capital
allowances.

(2) For some *capital allowances, the common rules need to be read with
modifications made by the provisions referred to in the table.

Common rule 1
(Roll-over relief for related entities)
Common rule 2
(Non-arm's length transactions)
Common rule 3
(Anti-avoidance provisions relating to the
ownership of property) Capital works: buildings, structural improvements,
environment protection earthworks and extensions, alterations or improvements
Does not apply
Does not apply
Applies without modification Mining and quarrying: exploration or prospecting
Applies as modified by section 330- 545
Applies as modified by section 330-560
Applies without modification Mining and quarrying: operation and development
of a mine or quarry
Applies as modified by section 330- 545
Applies as modified by section 330-560
Applies without modification Mining and quarrying: transporting minerals or
quarry materials
Applies as modified by section 330- 545
Applies as modified by section 330-560
Applies without modification Mining and quarrying: mine site rehabilitation
Does not apply
Applies as modified by section 330-560
Does not apply